{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

wd DemoLes 7 PMT

# wd DemoLes 7 PMT - Problem 1 Payment Schedule for a Loan...

This preview shows pages 1–2. Sign up to view the full content.

Problem 1 Payment Schedule for a Loan Loan Amount \$10,000.00 Annual Interest Rate (APR) 2.9% Term (In years) 5 Periods in a year 12 Monthly Payment \$179.24 Schedule Interest Prinicple Start \$10,000.00 End of Period 1 \$24.17 \$155.08 \$9,844.92 End of Period 2 \$23.79 \$155.45 \$9,689.47 End of Period 3 \$23.42 \$155.83 \$9,533.65 End of Period 4 \$23.04 \$156.20 \$9,377.44 End of Period 5 \$22.66 \$156.58 \$9,220.86 End of Period 6 \$22.28 \$156.96 \$9,063.90 End of Period 7 \$21.90 \$157.34 \$8,906.56 End of Period 8 \$21.52 \$157.72 \$8,748.85 End of Period 9 \$21.14 \$158.10 \$8,590.75 End of Period 10 \$20.76 \$158.48 \$8,432.26 End of Period 11 \$20.38 \$158.86 \$8,273.40 End of Period 12 \$19.99 \$159.25 \$8,114.15 End of Period 13 \$19.61 \$159.63 \$7,954.52 End of Period 14 \$19.22 \$160.02 \$7,794.50 End of Period 15 \$18.84 \$160.41 \$7,634.09 End of Period 16 \$18.45 \$160.79 \$7,473.30 End of Period 17 \$18.06 \$161.18 \$7,312.12 End of Period 18 \$17.67 \$161.57 \$7,150.54 End of Period 19 \$17.28 \$161.96 \$6,988.58 End of Period 20 \$16.89 \$162.35 \$6,826.23 End of Period 21 \$16.50 \$162.75 \$6,663.48 End of Period 22 \$16.10 \$163.14 \$6,500.34 End of Period 23 \$15.71 \$163.53 \$6,336.81 End of Period 24 \$15.31 \$163.93 \$6,172.88 End of Period 25 \$14.92 \$164.33 \$6,008.55 End of Period 26 \$14.52 \$164.72 \$5,843.83 End of Period 27 \$14.12 \$165.12 \$5,678.71 End of Period 28 \$13.72 \$165.52 \$5,513.19 End of Period 29 \$13.32 \$165.92 \$5,347.27 End of Period 30 \$12.92 \$166.32 \$5,180.95 End of Period 31 \$12.52 \$166.72 \$5,014.23 End of Period 32 \$12.12 \$167.13 \$4,847.10 End of Period 33 \$11.71 \$167.53 \$4,679.58 End of Period 34 \$11.31 \$167.93 \$4,511.64 End of Period 35 \$10.90 \$168.34 \$4,343.30 End of Period 36 \$10.50 \$168.75 \$4,174.56 End of Period 37 \$10.09 \$169.15 \$4,005.40 End of Period 38 \$9.68 \$169.56 \$3,835.84 End of Period 39 \$9.27 \$169.97 \$3,665.87 End of Period 40 \$8.86 \$170.38 \$3,495.48 End of Period 41 \$8.45 \$170.80 \$3,324.69 End of Period 42 \$8.03 \$171.21 \$3,153.48 Remaining

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}